ZWJ Investment Counsel Inc. Sells 4,452 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

ZWJ Investment Counsel Inc. reduced its position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 4.5% in the 4th quarter, HoldingsChannel reports. The firm owned 95,011 shares of the company’s stock after selling 4,452 shares during the period. ZWJ Investment Counsel Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $4,821,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Advisory Services Network LLC increased its position in JPMorgan Ultra-Short Municipal ETF by 41.4% in the 1st quarter. Advisory Services Network LLC now owns 854 shares of the company’s stock valued at $43,000 after acquiring an additional 250 shares in the last quarter. Baystate Wealth Management LLC increased its position in JPMorgan Ultra-Short Municipal ETF by 0.6% in the 4th quarter. Baystate Wealth Management LLC now owns 47,410 shares of the company’s stock valued at $2,406,000 after acquiring an additional 269 shares in the last quarter. Ropes Wealth Advisors LLC increased its position in JPMorgan Ultra-Short Municipal ETF by 2.7% in the 3rd quarter. Ropes Wealth Advisors LLC now owns 11,252 shares of the company’s stock valued at $568,000 after acquiring an additional 296 shares in the last quarter. IAM Advisory LLC increased its position in JPMorgan Ultra-Short Municipal ETF by 1.7% in the 4th quarter. IAM Advisory LLC now owns 17,983 shares of the company’s stock valued at $912,000 after acquiring an additional 298 shares in the last quarter. Finally, Smith Anglin Financial LLC increased its position in JPMorgan Ultra-Short Municipal ETF by 1.5% in the 4th quarter. Smith Anglin Financial LLC now owns 21,054 shares of the company’s stock valued at $1,064,000 after acquiring an additional 320 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

JMST remained flat at $50.66 during midday trading on Friday. 259,356 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $50.69 and its two-hundred day moving average price is $50.65.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, April 4th. Shareholders of record on Tuesday, April 2nd were given a $0.1399 dividend. The ex-dividend date was Monday, April 1st.

JPMorgan Ultra-Short Municipal ETF Company Profile

The JPMorgan Ultra-Short Municipal Income ETF (JMST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed portfolio of US municipal bonds with a weighted average maturity of two years or less. JMST was launched on Oct 16, 2018 and is managed by JPMorgan Chase.